52-56 Loring StSpringfield, MA 01105

Property Details for 52-56 Loring St

Year built

1908

Lot size

0.11 AC

Property size (Sq ft)

3,334 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment portfolio in Springfield, Massachusetts, presents a compelling value-add opportunity. Located at 52-56 Loring St, this portfolio comprises two buildings situated on a 0.114-acre lot, zoned R3. The property consists of three income-generating units, offering immediate cash flow potential. Built in 1908, the buildings offer a combined 3,334 square feet. The portfolio is classified as Class D and presents a strong 8.50% cap rate, making it an attractive investment for experienced investors seeking to maximize returns. The asking price is $400,000. This is an ideal opportunity for investors looking to expand their holdings or enter the multifamily market in a desirable Springfield location. The property's potential for value enhancement through renovations or upgrades further enhances its appeal. The portfolio's strong cash flow, combined with its potential for appreciation, makes it a compelling investment proposition. The convenient location in Springfield, MA, offers easy access to local amenities and transportation. This is a rare opportunity to acquire a well-positioned multifamily portfolio with significant upside potential. Don't miss out on this chance to secure a profitable investment in a thriving market.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.0953

Longitude

-72.5835

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